Those eligible for the cash will be reimbursed immediately; no application is required.
Today, almost eight million households will get the first of two payments designed to assist with the expense of living.
As part of the government’s £37bn support package for individuals on means-tested benefits, nearly one in four low-income households in England, Wales, Scotland, and Northern Ireland will get £326, with the second payment of £324 issued this fall.
Those eligible for the cash will be reimbursed immediately; no application is required. The initial payment will be received at the end of the month.
Millions of low-income households across the United Kingdom will get at least £1,200 from the government by the holiday season, in addition to other forms of assistance.
In addition, nearly one in ten people will receive a $150 disability payment this fall, and more than eight million pensioner households might receive an additional $300 in November and December from Winter Fuel Payments.
And beginning in October, £400 will be deducted from family energy bills.
In addition, the National Insurance threshold was raised from £9,880 to £12,570 on July 6th.
However, this followed a hike of 1.25 percentage points in NI from April to assist fund health and social care.
Prime Minister Boris Johnson stated, “Just as we assisted the public during the lockdown, we will assist them during these difficult economic times.
“Today’s payment sends a message to millions of families that we are on their side, and we have already promised more cash in the fall, together with other measures – such as our Help for Households – to support the vulnerable and lessen the load.”
Chancellor Nadhim Zahawi remarked, “It’s fantastic that millions of the neediest families are beginning to get their cost-of-living allowances, which will be a tremendous relief to those who are struggling.”
In late June and early July, the Office for National Statistics showed that 91 percent of adults in the United Kingdom said that their living expenses had risen over the preceding month. These statistics highlight the need for such assistance.
49 percent of respondents said they were purchasing less food, while 48 percent said they had to pay more than usual to purchase the same amount of food.
In addition, the majority had taken at least one measure in the past year to conserve energy.
The Office for Budget Responsibility has warned of a possible recession, citing “rising energy prices” and “geopolitical tensions” as contributing factors.
It stated, “Numerous threats continue to loom over the fiscal outlook, including the potential for rising inflation to push the economy into recession, continued uncertainty about our future trading relationship with the EU, a resurgence in COVID cases, a changing global climate, and rising interest rates.
